The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-13
FINANCE And COMMERCE.
MONEY 6 To 8 PER CENT, NEW
YORK EXCHANGE 1.S PREM.
Cotton Firm - Middllng Cotton,
11e-Sales Yesterday In
important.
APPEAL 0FFIoE.

MIAfhlos LhNNsf Juno IL ASof"J
The money market continues firm at the
old rates fer loans. 6 ties per cent. The mar
ket for local securities was dull today me sales
being m Rde at the Stock Exchange and the
bids and offerings scattering.
The local cotton market remains firm and
unchanged. MiddlinE lilo, sales umimpor-
tant.
New York spots are steady; middlins
II 5-1sc. Futures closed firm with 4 to
points advance on the old srsp and / to
points advance on the new; June, 1l.2ic To
l1.25c.
At New Orleans spots closed steady; mid
ding, le1zc. Futures closed dull and at an
advance Of from l to points on the old crop
and point off on the new; June, 10 soc,
nominal.
T$Spots at Liverpool are quoted steady, poor
demand; mid Hing udaDds and Orleans,
Sd. Futures off to points, closing weak /;
June, sole value. The pork markets closed
suiet.
A Itading New York cotton circular says
OF the futare m srket: "There was some an
imation and trading on the whole fair. The
urn was downward, based on the Emperor
VI OoimauJ AhuostB anu u lObo VI U9i
points took place, but a reaction followed
that put old crop 5@s points over last even
ing and new crop t. nearly full recovery,
with closing tone 6rn spots less active, but
generally well held
The Chicago grain market was panicky to-
day. July wheat broke 40, tumbling to S2Ic,
hutAt the close rallied to $3.50, the opening
price being $3.50. Oats was weak in sympathy
with wheat. Provisions remained firm. In
tho local market meats were advanced
slightly.
'Board ofTrade circles in this city," says
the Chicago Tribune, ARE all agog to know
what will be the outcome of the judicial in
vestigaiion OF the pork corr or which is said
to have been set on foot at the close Of last
The price OF mess pork that will fill the CON-
tracts for delivery in Nay aud June has been
for some weeks past in, the neighborhood Of
f23, while pork seller the year could nomi-
This is very great disprogorton; and 1t il
no wonder If such. a. big difference has set
many TO thinking that the one Is held up
above all reason, especially as side meats
nearer n,s ''F tho pro. S S1 tho I Sssa
than to that lor the month. at is fair to
remark that the only men to fnd fault with
the altitude at VIII oh the article is held are
IuOs0 VINO II ought IL 100 Q1RQ W06u IL was
much lower few months ago and bet their
money on the char ce Of dee line. They did
not want the ork to est, nor do they wish 1t
for that purpose now. but simply that they
pork to eat, either fer themselves or Their
customers, can buy as god material for
twc-thirds OF the price that is demanded
from the unfortunate shorts, so that the
market cinnot truly be sai to be oornered
against corners were passed solely in the in
to est OF the people who wanted the stuff to
eat at a reasonable price, 1t becomes q ques-
ton on no SIN II importance as to the ex'
tent to which present oomplainers are en-
titled to relief"
The grocery market continues firm, and
as to coffee there is a continuation Of the
downward incline on values for BraEils in
the New York Exchange, Europe manifest
ing weak tone and the market giving way
under the pressure placed upon it. The
bulls effort on coffee is, for the time being,
modified. and contracts are declining, but
actual gods feem firm.
Statist cal reports concerning tho South
ern watermelon crop are most encouraging.
The melons are maturing rapidly and vel,
and the growth Of he fruit is equal to that
of any previous year. Tho estimate Of the
acreage now planted places il at 25 per cent
more than last year and AL bearing crops.
The local potato crop is coming in and is
being shipped rapidly by dealers and prices
are we'll maintained. The Louisiana potato
crop shipping season is ever and the receipts
at Now Orleans are light, but equal to the
wants. Memphis and st. Louis will sooa be
shipping potatoes to the Crescent City.
IMPORTS.
One humid ed SKIS bran. AZ hrls beans and
peas, $50 pigs bacon, 1852 pkgs boots and
shoes, $500 blu corn, pigs cheese, IS SKIS cof
f.e, 720 SKIS cotton seed, 81 pkgs dry goods,
As pkgs eggs, 500 brls -four, no hales hay. rs
pkgs hats, 20 I'D hoes, 10 hid sheen, 20 hid
horses ana mu es, $50 pkgs lard, Y coo feet
lumber, 10 Digs ! quOrs, $50 bris meal, 1000
ku oats, 9 b Is pota ool, 5 cars pork sides, 5O
.brls sugar, 262 pkgs tobacco, 600 bu wheat.
ELEVATOR REPORTS.
The following shows the amount of grain
received, WITHDRAWN and in store by regular
elevators, as reported to the Merchant bx-
change Joste.uay Corn--received. 6j7l blu;
Withdraw n, 1856 bu; in st re- 9,l77 bu. Oats
received, 1888 bu; withdrawn, 800 bu; in
store, II ,276 n.